Purevsuren manages a shoe making business in his town. He started his business in 2000 and has been able to stabilize it. He has built a good relationship both with his customers and partners. With 11 years of business operation, he has gained much experience and is planning to continue his business in the future. Purevsuren recently received many orders to make shoes for children who will ride horses during Naadam, a national holiday. His two sons help with the family business in their spare time. Purevsuren is a polite man who says, "I am planning to have my own workshop in the future." He is requesting a 2,500,000 MNT loan to purchase materials for his business.
About XacBankThis loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.
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